New York City’s unemployment rate rose to 8.6 percent in
August despite stronger than usual hiring at the end of the summer. Ms. Denham,
a private economist who analyzes the official data issued every month by the
State Labor Department, estimated that employers in the city added 10,200 jobs
last month bringing the total gain for the year so far to nearly 85,000 jobs. The
persistently high unemployment rate has bedeviled Mayor Michael R. Bloomberg who
has stated that the city had gained back twice as many jobs as it lost during
the financial crisis that started five years ago. Elena Volovelsky, an
economist with the State Labor Department, said the number of jobs in computer
systems design and advertising in the city rose to “all-time employment highs”
in August. She said that the financial industries were weak, but that some of
those job losses could have resulted from summer interns’ returning to school. The
state’s unemployment rate also rose, to 7.6 percent last month from 7.5 percent
in July. The national unemployment rate is lower, at 7.3 percent for August. According
to the officials, there were about 392,000 unemployed residents of New Jersey
and more than 730,000 in New York State, about half of which lived in New York
City.
Now with all those actively looking for jobs, who are the
ones actually classified as unemployed by NYC standards, there should be a
greater amount of jobs that is available to vast majority of people that can
proceed to take that opportunity. If there is hundreds of jobs ready and
available to people who for example are wealthy in knowledge in foreign language
then that wouldn’t very well mean a shred of anything to those who cannot fit
the margin for credentials in that position. Very well just like it states in
the amendment 16 where congress has power to lay and collect taxes on incomes, that wouldn’t even be remotely
possible if this unemployment rate continues to grow very well beyond the
desired 5% margin. Though just as well with the view of thinking that hundreds
of jobs will just pop out of the blue with low employee standings in hiring
would be impossible just as well, and the location being New York in hand with
such little area for new corporations and businesses to be thoroughly produced
as well as self wanted and owned small businesses it would be quite the handful
to decrease the unemployment rate.
Big Jobs usually go to the men who prove their ability to outgrow small ones.-Theodore Roosevelt